Q3 2018 EPS Estimates for Macro Enterprises Inc. Cut by Cormark (MCR)

Macro Enterprises Inc. (CVE:MCR) – Research analysts at Cormark reduced their Q3 2018 EPS estimates for shares of Macro Enterprises in a research note issued to investors on Wednesday, June 20th. Cormark analyst J. Zhang now anticipates that the company will earn $0.00 per share for the quarter, down from their previous estimate of $0.04. Cormark also issued estimates for Macro Enterprises’ Q1 2019 earnings at $0.03 EPS, Q2 2019 earnings at $0.10 EPS, Q1 2020 earnings at $0.08 EPS and FY2020 earnings at $0.53 EPS.

Macro Enterprises (CVE:MCR) last posted its earnings results on Wednesday, April 11th. The company reported C($0.07) earnings per share (EPS) for the quarter. The company had revenue of C$26.90 million for the quarter. Macro Enterprises had a net margin of 2.35% and a return on equity of 4.60%.

Separately, Pi Financial lowered their target price on shares of Macro Enterprises from C$4.00 to C$3.25 and set a “buy” rating on the stock in a research note on Friday, April 13th.

Macro Enterprises opened at C$3.02 on Thursday, according to Marketbeat.com. Macro Enterprises has a 52-week low of C$1.60 and a 52-week high of C$3.30.

About Macro Enterprises

Macro Enterprises Inc, together with its subsidiaries, provides pipeline and facilities construction and maintenance services to companies in the oil and gas industry in western Canada. It is involved in the construction, alteration, repair, and installation of pipeline and facility pressure piping, and structural steel facilities, as well as provision of pipeline integrity digs services.

Earnings History and Estimates for Macro Enterprises (CVE:MCR)

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